Start a MilliCare Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $114K - $163K

Units as of 2020: 61 20% over 3 years

MilliCare's parent company, Milliken & Company, was founded in 1865 by Seth Milliken and William Deering. It has become one of the world's largest textile and chemical manufacturers held privately. Seth Milliken began by producing wool for companies manufacturing clothes, and the company grew from there.

Milliken's research has earned over 5,000 patents worldwide and awards from organizations such as the U.S. Green Building Council and the Carpet and Rug Institute. MilliCare was founded in 1967 in response to clients' complaints that other maintenance companies were draining down their carpets and textiles before they had time to restore them.

MilliCare began franchising in 1996 and has a presence in the United States, Canada, and overseas.

Why You May Want to Start a milliCare Franchise

MilliCare's standard focus is rendering carpet maintenance for businesses to reduce costs, save money, and protect the life of the carpet and environment. The services provided by milliCare have won accolades. MilliCare also gives back to the community, which may have helped the company build a good reputation and acquire satisfied, long-term clients.

Possessing and running a milliCare franchise may be an excellent opportunity for someone looking for a growing business-to-business (B2B) company. A milliCare franchise only needs several salaried employees. While some franchisees have successfully started without doing so, you will ideally run one of the three crucial parts of the business: sales, operations, or service. The other employees will run the other two parts, leaving you with a usual minimum of three employees for your milliCare franchise.

What Might Make a milliCare Franchise a Good Choice?

Opening a milliCare franchise, can offer you the chance to become a commercial flooring industry leader in your area.

To be part of the milliCare team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

MilliCare has partnered with third-party financial lenders that may help qualified franchisees cover the costs of the franchise fee, startup, equipment, and inventory.

As you decide if opening a milliCare franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a milliCare franchise would do well in your community.

Operating a milliCare franchise may offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.

How To Open a milliCare Franchise

Read milliCare's Franchise Disclosure Document to learn more about the approximate startup cost. These costs comprise the initial fee, training expenses, royalties, license, early-stage advertising, name registration, insurance, rent, video surveillance, and more. Additionally, the Franchise Disclosure Document can offer you more information about the market and milliCare's market share when compared to competitors.

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the milliCare franchising team questions.

Company Overview

About MilliCare

Industry	Maintenance
Related Categories	Carpet & Upholstery Services, Home Repairs/Handyman Services, Miscellaneous Maintenance Businesses, Cleaning/Restoration
Founded	1967
Parent Company	Milliken & Company
Leadership	Steve Willis, Managing Director
Corporate Address	920 Milliken Rd. Spartanburg, SC 29303
Social	Facebook, Twitter, LinkedIn, YouTube

Business Overview

Franchising Since	1996 (28 years)
# of employees at HQ	18
# of Units	61 (as of 2020)

Information for Franchisees

Here's what you need to know if you're interested in opening a MilliCare franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$22,500 - $45,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$113,800 - $163,000
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$200,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$50,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	20% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	6%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	MilliCare has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	32 hours
Classroom Training	40 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	Yes
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	3
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No